HDFC offloads Gruh Finance shares

| Updated on March 29, 2019


HDFC on Thursday offloaded 41.70 lakh shares at an average price of ₹260.05 on the BSE and 80.30 lakh shares on the NSE at ₹260.08 a share. However, the buyers’ identities are not known. Gruh Finance, HDFC group’s housing finance arm, in January had entered into a deal to merge with Kolkata-based Bandhan Bank. Under the proposed merger, 568 shares (of face value ₹10 each) of Bandhan Bank will be issued for every 1,000 shares of Gruh (of FV ₹2 each).

Published on March 29, 2019

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